Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company.
A jump in quarterly losses and a cut to Icahn Enterprises’ dividend led to a 25% stock drop Friday morning. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
Has several potential growth opportunities, including acquisitions, strategic investments, and expansion into new markets. The company has a strong track record of successful investments, and its leadership team has a wealth of experience in identifying and capitalizing on attractive investment opportunities. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Shares of the billionaire investor’s holding company are still down more than 30% since Hindenburg Research revealed its short position on the firm May 2.
Icahn Enterprises stock surges after founder untangles loans from share price: Report
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, IEP info will be updated daily in your Zacks.com Portfolio Tracker – also free. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company.
- According to one analyst, the rating for IEP stock is «Strong Buy» and the 12-month stock price forecast is $27.0.
- Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.
- Provides a general description of the business conducted by this company.
- The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
Insiders that own company stock include A B Krongard and Brett Icahn. Icahn Enterprises’ stock was trading at $50.65 on January 1st, 2023. Since then, IEP shares have decreased by 58.4% and is now trading at $21.06. As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet. The famed investor is reworking loan agreements that could have put his company at risk. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of IEP stock can currently be purchased for approximately $21.06. Sign-up to receive the latest news and ratings for Icahn Enterprises and its competitors with MarketBeat’s https://1investing.in/ FREE daily newsletter. Icahn’s management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises’ Chief Financial Officer for approximately six months.
About Icahn Enterprises L.P. – Depositary
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment what is payout amount strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. IEP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. Icahn Enterprises faces several challenges that could impact its growth prospects. One of the main challenges facing the company is the regulatory environment.
However, Icahn Enterprises’ cash and cash equivalents are sufficient enough to provide some liquidity to the company. Shares in Carl Icahn’s firm Icahn Enterprises plunged 30% Friday. Those losses came after it said it would halve the amount it pays out to shareholders. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The famed activist investor is dealing with a short attack of his own. The activist investor’s company partly recovered from massive damage suffered in May.
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- MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
- The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
- They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
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against its industry peers and the overall market. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
Barchart Technical Opinion
Shareholders of record on Friday, August 18th will be given a dividend of $1.00 per share on Wednesday, September 27th. This represents a $4.00 annualized dividend and a yield of 18.99%. The stock of Icahn Enterprises (IEP) is down 30% after the holding company of investor Carl Icahn announced … Carl Icahn’s conglomerate Icahn Enterprises slashed quarterly dividend in half amid notable short seller Hindenburg Research’s campaign.
The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs. The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses.
Is a diversified holding company headquartered in Miami, Florida. Icahn’s mission is to create long-term value for its shareholders by investing in companies with strong fundamentals and growth potential. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
Another challenge facing Icahn Enterprises is the competitive landscape. The company faces stiff competition from established players in its various business segments. Some of its competitors have larger market shares, stronger brand recognition, and more extensive resources, which could limit Icahn Enterprises’ ability to compete effectively.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 1 Wall Street equities research analysts have issued «buy,» «hold,» and «sell» ratings for Icahn Enterprises in the last year. The consensus among Wall Street equities research analysts is that investors should «buy» IEP shares.
Geographically, it generates maximum revenue from the United States. The company also faces challenges from regulatory and political risks, including changes in tax laws and regulations that could impact its profitability. In addition, the financial services industry is subject to economic cycles and market fluctuations, which could affect the company’s financial performance.